By Admin 
Bitcoin: The world’s most famous and expensive cryptocurrency bitcoin has created history. Its price has reached $ 112,000 all -time high late Wednesday night. It touched a record peak level of $ 111,988.90 (Rs 95,88,993). The last time it reached $ 111,259 with a gain of 0.4 percent. Since the beginning of this year, the prices of bitcoin have gained 18 percent.
Competition to invest in crypto
According to the report of the Indian Express, Anthony Pompleiano, the founder and CEO of Professional Capital Management, said in a letter to investors on Wednesday, Bitcoin is the only property whose risk decreases as the size increases.
He further said, when the market cap of bitcoin was $ 100-200 billion, only a few investors could bet in it. Now that its market value has increased further in trillion, everyone is trying to invest in it. Here, the Crypto-Friendly Policy of Trump’s government in the US has also increased the confidence of investors in digital assets and due to this surge in bitcoin prices, more and more investors are interested in it.
Big investors are betting on crypto
Big investors and institutions are investing more and more money in bitcoin. Strategy Inc. (Nasdac: MSTR) and Gamestop Corp (NYSE: GMM) have also announced to buy bitcoin with board approval. This has increased people’s trust in bitcoin. The new bitcoin exchange-traded funds (ETF) are also constantly investing, which has made it easier for people to invest in the crypto market. In the midst of global conditions like war, tariff and political instability, now investors are also finding a safe option to invest bitcoin like gold.
New law expected further edge
There is also a preparation to bring a new law from the US MPs regarding cryptocurrency soon. A bill related to digital asset regulation can be introduced at Crypto Week starting on 14 July. This is expected to give more validity and stability to the Crypto Market. In such a situation, it is obvious that more investors will be attracted towards it.
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